Gold as a hedge against asset inflation
“One of the most damaging drops in GDP in history, record unemployment, and impending inflation signals tragedy for the U.S. economy. And with the U.S. Federal Reserve reiterating its dovish stance and refusing to acknowledge inflation in the form of a soon-to-rupture asset bubble, things could be about to get worse.”
USAGOLD note: This article goes on to say that Warren Buffett’s recent foray into gold is not surprising once you understand what might be driving it – the metal’s well-earned reputation as a hedge against stagflation and the declining purchasing power of the dollar.
Repost from 9-15-2020